What is Globus Power Generation Financial Strength?
Globus Power Generation has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Globus Power Generation Ltd shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Globus Power Generation has no long-term debt (1).
Globus Power Generation's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Globus Power Generation's Altman Z-Score is 25.48.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Globus Power Generation's Financial Strength
For the Utilities - Renewable subindustry, Globus Power Generation's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Globus Power Generation's Financial Strength Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Globus Power Generation's Financial Strength distribution charts can be found below:
* The bar in red indicates where Globus Power Generation's Financial Strength falls into.
Globus Power Generation Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Globus Power Generation's Interest Expense for the
months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹-1.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil.
Globus Power Generation's Interest Coverage for the quarter that ended in Mar. 2024 is
| Globus Power Generation had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Globus Power Generation Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
Globus Power Generation's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Globus Power Generation has a Z-score of 25.48, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 25.48 is strong.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Globus Power Generation (BOM:526025) Business Description
Traded in Other Exchanges
N/A
Address
Naraina Industrial Area, A-60, Phase-I, New Delhi, UP, IND, 110028
Globus Power Generation Ltd is a company engaged in the business of making investments in the infrastructure sector particularly power generation business and acquisition of wind/biomass/solar power plants. It is also involved in investing in other securities, derivatives, mutual funds, and properties. It offers an alternative revelation to conventional sources, such as coal and gasoline. It is involved in the sale of biomass fuel in the line of activity of power generation.
Globus Power Generation (BOM:526025) Headlines
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